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did they repay the loan??????

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  • bucket
    Senior Member
    • Jan 2008
    • 17028
    #1

    did they repay the loan??????

    When DOT industries was sold today to Raven industries but there is a 5 million repayable loan that Goodale gave them in August 2019....

    I get a kick out of how that little detail is never disclosed...

    Bombardier sold something to spirit aerospace and moved the loan to spirit...

    no ROI to the taxpayers...

    But farmers are suppose to go it alone....
    Tags: None
    • farmaholic
      Senior Member
      • Sep 2010
      • 17482
      #2
      What a watch-dog......or should I say pitbull!

      Thank you bucket, for keeping us aware.

      SOME people may not like his approach but he doesn't "sugar coat shit".

      He calls a ♠️a ♠️ and puts up with no 🐂 shit.

      Industry patsies who are easily influenced my their masters.... beware!
      SOME are easily convinced to bend over for a nickel while the Industry takes the dollars off their backs from the rear!

        Comment

        • JoeyJeremiah
          Senior Member
          • Apr 2016
          • 105
          #3
          What was the selling price. Wonder if it would cover the loan.

            Comment

            • bucket
              Senior Member
              • Jan 2008
              • 17028
              #4
              Originally posted by JoeyJeremiah View Post
              What was the selling price. Wonder if it would cover the loan.
              Thats another interesting point....Government /taxpayer money in as a big announcement .....selling price and repayment are covered by the wording that it is undisclosed ...in other words its a secret...

                Comment

                • Oliver88
                  Senior Member
                  • Dec 2012
                  • 4688
                  #5
                  Originally posted by bucket View Post
                  Thats another interesting point....Government /taxpayer money in as a big announcement .....selling price and repayment are covered by the wording that it is undisclosed ...in other words its a secret...
                  Raven bought 51% of shares?

                    Comment

                    • iceman
                      Senior Member
                      • Dec 2014
                      • 751
                      #6
                      Originally posted by bucket View Post
                      Thats another interesting point....Government /taxpayer money in as a big announcement .....selling price and repayment are covered by the wording that it is undisclosed ...in other words its a secret...
                      Raven will need to disclose the percentage and amount in their annual report. Ritchie bro’s did the same thing when they bought out Kramer. It’s always a undisclosed amount until you file your 10K with the SEC. The real answers are always buried inside those annual reports.

                      Iceman

                        Comment

                        • Partners
                          Senior Member
                          • May 2010
                          • 3105
                          #7
                          Very few pay back loans.
                          We have farmers here who expanded. Lost it..now are BTO'S..
                          Because they screwed over all business..

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